ECU eyes 'organic growth' to double its market share in Latin America
Cargo consolidation specialist and NVO ECU Worldwide is looking to cement its operations in Latin ...
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PRESS RELEASE
Dec 22, 2023
Allcargo Logistics announces demerger of ECU Worldwide into separate listed entity
Publication: Live Mint
The restructuring started with selling its non-core assets, progressed to giving exits to its partners and acquiring their stakes in business and has culminated with this demerger. The Allcargo Group will now have four listed entities Allcargo ECU, Allcargo Logistics (that will include the express business after it acquired Gati) apart from Allcargo Terminals and Transindia Real Estate, in each of which its promoters own 70%.
(Stock up +12.2% to INR318.7 since the announcement)
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